Revolution Medicines Prices $45 Million Stock, Warrant Offering

MT Newswires Live

2024/12/04

Revolution Medicines (RVMD) said late Tuesday it has priced an offering of 14.1 million shares at $46 per share and pre-funded warrants to purchase 2.2 million shares at $45.9999.

The company also said it has granted underwriters a 30-day option to purchase up to 2.4 million additional shares.

The gross proceeds from the offering, scheduled to close on Thursday, are expected to be about $750 million.

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